Some industries are notoriously cyclical. Semiconductor is a prime example. It swings to the extreme on both bullish and bearish sides. While the industry is in a bull run, investors can still participate in its rise but with caution. The PHLX Semiconductor Index (“SOX”) is a modified market-cap weighted index. It is composed of semiconductor firms involved in...
Hi Everyone, I'm waiting for Short if the break break the trend-line. Good Bye & Good Trading!!!
Secretary of Commerce Gina Raimondo: “The semiconductor situation is going to take a long time to fix” “This is one I feel confident saying it's not going to be fixed in a month or two, or six, or 12 months.” For now PHLX Semiconductor (^SOX) is oversold and we can see in the chart what was the price movement after the last oversold area. I expect to be the...
Theres a saying that SEMIs lead the market. $SMH finally broke an upper band trendline that took alot of work to do because of very little volume. Its tired and wants to rest. This is an important test but bids need to come back. Will June be the month when buyers pile back in? My gut tells me we hit 252 this week then break down again or at least stay above...
All description on chart. Don't forget to like and follow. Thank you.
Semis swinging nicely in this range bound pitchfork. Volatility increase near the outer bounds, and we are almost there. Clear 5 wave count to conclude at the long term bullish trend line. This is my short term trade to the downside using SOXS 3x bear, and will reevaluate my next move when this target is hit. There's still a long term bull target on most indexes...
Hi there. Bigger time frame, bigger the opportunity. Price is forming a continuation pattern to the upside and a reversal pattern at the bottom of the bigger pattern. We may see a big move to the upside soon. This is a longer term trade.
Will PHLX New High break UP or do we have nice SHORT Opportunity from 2016 TOP? Inverse HS on Daily? iBrokers www.ibrokers.ee